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A Delegation Representing a Group Of Australian Companies Visited BIC

A delegation representing a group of Australian companies today 2/8/2009 visited BIC.

Mr. Shaker Almusawi ,BIC Chairman, who received the delegation ,Welcoming them and presenting elaborate explanation of the investment in Baghdad showing the important investment sectors that are needed for the province saying" the important sector in Baghdad is housing where Baghdad province need more than 1,5 million units in addition to the increase of housing prices which reach to 500% in some areas especially after the opening that happened in Iraq after the fall of the last regime".

On his side, the delegation expressed his happiness to visit Baghdad and the head of the delegation offered many projects in different sectors, housing, health, tourism and other investment sectors.

The head of the delegation also offered to sign an understanding memorandum to build 50,000 housing units in Baghdad within (7-10) years.

On his side, BIC chairman welcomed this idea and he also encouraged them to invest in important sectors like health, tuition, and manufacture.